Nationwide debt charity Credit Action has suggested that some store card lenders are enabling their customers to run up significant amounts of debt. The charity is convinced that there are retailers in the UK that have taken steps to tighten…
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As debt management problems spiral out of control for an increasing number of UK consumers, a new report has forecast that the number of Britons being refused credit will rise in years to come. Research by Datamonitor estimated that around…
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Debt collection companies in the UK took on three-times more debt last year than was the case six years ago, according to reports. Figures from the Credit Services Association (CSA) show that around £21 billion worth of debt has been…
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The Consumer Credit Counselling Service (CCCS) has suggested that young British homeowners are facing serious debt management difficulties as they attempt to maintain control of their finances. Figures from the charity organisation show that debt levels among British consumers aged…
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With thousands of young Britons preparing to start university life, students have been warned that they should take steps to ensure their debt management problems do not spiral out of control. Financial comparison firm MoneyExpert.com reports that that the average…
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Thousands of young British consumers are unaware of how much debt they have accumulated, according to the latest figures from Unbiased.co.uk. Research by the financial services firm shows that around 41 per cent of UK consumers aged between 18 and…
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Calls made to broadband internet technical support helplines are costing British consumers millions of pounds each year, according to recent research. Figures compiled by uSwitch.com suggest that these phonelines now account for £31 million spent by UK consumers each year…
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For some credit consumers in the UK the consequences of borrowing money can be worse than being handed a prison term, according to one personal finance expert. David Kuo, from the finance information firm Fool.co.uk, suggests that while poor debt…
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